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Listed 8 days ago

8 Hillside Avenue

Concord, Vaughan

$1,589,000

Detached|Bungalow
3 | 2 | 6
About this home

**RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY IN VAUGHAN'S GROWING CONCORD COMMUNITY!** Discover exceptional potential on this expansive **100 FT x 190 FT lot (approximately 19,000 sq. ft.)**, ideally situated near Highway 7 and Keele Street in one of Vaughan's evolving transit-oriented neighbourhoods. Whether you're an investor, builder, developer, or end-user, this unique property offers an exciting opportunity to **live, rent, hold, or explore future redevelopment possibilities**. The existing detached bungalow features 3+1 bedrooms, 2 bathrooms, a finished walk-out basement with separate entrance, a detached garage, and parking for up to 6 vehicles. Enjoy a private, tree-lined backyard overlooking a picturesque ravine and creek. The property's impressive 100-foot frontage presents an opportunity to investigate potential severance into two approximately 50-foot-frontage parcels, as well as other residential redevelopment options, subject to applicable zoning, environmental constraints, municipal approvals, and buyer verification. Ideally positioned near Vaughan Metropolitan Centre, TTC subway connections, Viva transit, Highway 7, Highway 407, shopping, and major amenities. The surrounding Concord GO Centre area is undergoing significant planning and revitalization, including studies for a potential future GO station. **AN OUTSTANDING OPPORTUNITY TO SECURE A SUBSTANTIAL LANDHOLDING IN ONE OF VAUGHAN'S EVOLVING GROWTH CORRIDORS!** Buyers and their representatives are responsible for verifying all development possibilities and required approvals with the appropriate authorities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,678
Lot Size100 ft x 190 ft
mls© NumberN14139422
Listed ByREMAX YOUR COMMUNITY REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,133
Property tax
$473
Heat allowance
$150
Housing costs
$8,756 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $317,800
25-yr amortization

Income needed

$269,000

gross annual household income

Payment at 4%
$6,687 / mo
Cash down
$317,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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